CEOs Fly Coach? Business Travel Tightens Belts

Business travel is back to pre-recession levels, but road warriors can expect less legroom than before. Leslie Kwoh joins Markets Hub. Photo: Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... I ... since the end of the recession business travel it's been coming back ... it's all due respect it's almost new store prerecession peaks ... however ... is coming back on the budget in a tight budget leak was hit with the story ... I he took a bunch of people for this one right for a city really haven't got the whole picture of it ... no picture of it is ... in the business traveler coming back that companies have realized I think in every fashion that ... travel actually costs a lot of money I mean usually for companies that the second-largest costs ... behind employee salaries ... said coming out of recession out that I really find anyway to cut business travel and that's not to ... moving people from business or first class back to coach ... but it is happening when is definitely happening and you may no longer can depend on getting a reclining seat or are you know the little extra leg room when ego and even on international flight from Newark on the elk all ... exactly and fresh baked cookies yes ... that is that you know those perks are going away and hubby is actually looking a little more closely at the smaller perks you ... aam you know rental car fuel surcharges in the city you can ... return your rental car town on the company to pay for fuel surcharge and now they're saying if you thought the pink ... nails on a new yet exactly and so they're really good and granular I ... wanted to and ... use one total comical key systems International ... you shouldn't they illustrate Sokol Enayat tells about how great so the subsidiary of Deutsche Telekom days in Germany ... I'm and where they live with that that they need it to cut back on first class travel ... so previously and anybody trouble pitch at the level executives who ... have got to travel business class on especially in international play ... now they're saying everyone equal ... everyone flies can reach ... so that means that even the CFO pacify coach when he goes to any errors the unfair and his base in Arizona said the fourteen hour flight to ALM so really he's not getting as much sleep as he says because the fee every time a company gets upset with all of colleagues found that he ... was and he said the new there there's a bottom on the onthe was what the money's coming from somewhere they can either to matter that with the travel budget or think about yourself exactly so a lot of you know people were very happy about the factors that there is told ... with an e mail ... Pachter bonus ... write your borrower when Annika money about it this far at or are you know are out ... I'm so they were kind of force to take this pain ... and the company has actually fee of one point five million dollars in airfare ... on the last couple years in the snow is is the kind of thing where ... it's only for now ready Italy for nine ... times are still not that pays off or is this true son of a permanent teaching ... I know I think this might be the new normal and know we've heard that before men on the problem that companies are facing right now in fact ... you travel costs continued to rise ... so this problem is not can ago we anytime soon ... not the same time video conference seemed that technology has improved so companies are using that more ... banking are there still no substitute for in person meetings and companies are expanding globally for the half to go internationally ... hunt international things a little more ... and more talking not hotel airfare prices going up so there's no Wi Fi and and and this ... poses a gain of four dollars as is effectively the airlines because this'll be the source of profits for them pray that I mean airlines ECB will stay in over a live with on their first month and that this high-speed ... and we seen in you know the fun month Cathay Pacific and Dragon Air International Airlines actually ... hear me live in that they're having a problem filling the seats offering promotions and discounts just to get business travelers back ... and you know you've got other airlines ensure the senior premium economy fell ... slightly above economy but not great that they're ... really trying to get you know and people into a higher cost the company in the fee and ... it was a good story think you're a mighty him